Bitcoin volatility decline paves way for banks, JPMorgan says

As Bitcoin becomes less volatile, big investors are becoming more confident to buy into the cryptocurrency. — Reuters

The recent pullback in Bitcoin’s volatility is setting the stage for a trend that could encourage institutions to dive in, according to JPMorgan Chase & Co.

"These tentative signs of Bitcoin volatility normalization are encouraging, ” strategists including Nikolaos Panigirtzoglou wrote in report emailed Thursday. "In our opinion, a potential normalization of Bitcoin volatility from here would likely help to reinvigorate the institutional interest going forward.”